Description
Turnkey 6-unit multifamily offered at $290,000. Six studio units with stable tenants and consistent in-place rents. Current monthly gross: $4,207 ($50,484 annually). Rents include three units at $680/month, one at $340 biweekly ($737/month), one at $300 biweekly ($650/month), and one at $180/week (~$780/month). Owner currently pays utilities. Estimated annual expenses: ~$7,056. Approximate NOI: $43,428. Strong return profile with solid in-place income. Buyer to verify all financials. Off-street parking. Located on Washington Street with access to shopping and public transportation. Stabilized, income-producing asset with consistent cash flow. No showings without accepted offer. Do not disturb tenants.
-
0BEDS
-
0.28ACRES
-
0BATHS
-
01/2 BATHS
Description
Turnkey 6-unit multifamily offered at $290,000. Six studio units with stable tenants and consistent in-place rents. Current monthly gross: $4,207 ($50,484 annually). Rents include three units at $680/month, one at $340 biweekly ($737/month), one at $300 biweekly ($650/month), and one at $180/week (~$780/month). Owner currently pays utilities. Estimated annual expenses: ~$7,056. Approximate NOI: $43,428. Strong return profile with solid in-place income. Buyer to verify all financials. Off-street parking. Located on Washington Street with access to shopping and public transportation. Stabilized, income-producing asset with consistent cash flow. No showings without accepted offer. Do not disturb tenants.
© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.
Based on information submitted to the MLS GRID as of 2026-06-06T18:25:46.02. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice